Emissions Trading / Carbon Market News (31/05/2021)

Dear Sir or Madam,

In Germany, the subject of hydrogen seems to be gaining ever greater importance for the future of industry and mobility.

This may certainly be justified in some areas of application, insofar as it is produced with the help of renewable energies, which of course also applies to all other alternatives to fossil fuels.

In electromobility, on the other hand, the use of hydrogen must be viewed critically. Significant energy has to be used to produce hydrogen. On closer inspection, this is problematic both economically and ecologically.

Last week, Greenpeace showed that you can cover 30 kilometers with a hydrogen-powered fuel cell vehicle with an amount of energy of 25 KWh. With a purely electrically powered vehicle, on the other hand, it is 110 kilometers, almost four times the distance.

With the synthetically produced fuels, the energy balance looks even worse, with 25 KWh of energy they would only travel 20 kilometers.

And this is another problem, especially for oil companies like Shell, because last week the oil company had to swallow a bitter pill as the district court in The Hague ruled that it would reduce its CO2 emissions and those of its suppliers by 45% by 2030. has to reduce.

The age of fossil energy generation is coming to an end in great strides.

In the past week, prices began to form a new floor above the € 50 mark after the previous week’s price correction unsettled the bulls. It can be assumed that the market will move with a greater range of fluctuation in the trading week that has been shortened due to today’s “Spring Bank Holiday”.

  (Average Quotes Exchange / OTC)   
EUA (Spot-Market)51.29 EUR50.97 EUR-0.32 EUR
EUA (December-2021-Future)51.75 EUR51.03 EUR-0.72 EUR
CER (Voluntary Spot-Market ø)2.95 USD2.95 USD+0.00 USD
VER (Gold Standard Spotmarkt ø)14.52 USD14.52 USD+0.00 USD
ICE Brent Crude Oil (Benchmark Future)66.68 USD68.95 USD+2.27 USD
EURO (Currency, Forex)1.2178 USD1.2193 USD+0.0015 USD

(The average exchange quotes and OTC-prices shows the average between bids and ask of several exchanges and OTC markets for carbon emission rights in the ETS. Bid and ask has usually in Spot Market a visible spread. CERs and VERs are average prices in the voluntary carbon offsetting market. Crude Oil and Euro Currency shows day-end-exchange quotes. This market information has just an informational character and are no advice or offer to trade carbon emission rights or their futures and options. If you want to unsubscribe, please reply to this mail.)

Please call our international carbon desk if any further questions exist: +49.2831.1348220.

With kind regards,

Advantag Services GmbH